CIT
2.9 of 5 103 reviews
www.cit.com New York, NY 1000 to 5000 Employees

CIT Reviews

Updated Mar 25, 2014

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2.9 103 reviews

                             

81% Approve of the CEO

CIT Chairman and CEO John A. Thain

John A. Thain

(42 ratings)

42% of employees recommend this company to a friend
34 Employee Reviews Back to all reviews
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Like working for government in private sector

Assistant Vice President (Current Employee)
New York, NY (US)

I have been working at CIT full-time for more than 3 years

ProsGood hours
Decent benefits
Good location
Good on resume

ConsCompany going nowhere
Pay is like government pay

Yes, I would recommend this company to a friend

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Great Experience

Anonymous Employee (Former Employee)

I worked at CIT for more than 5 years

ProsGreat co-workers, professional but exhibited a good sense of humor. Good benefits, paid time off, and holidays off.

ConsTraining does not exist. More like sit with this person and learn their habits (good or bad).Pay for certain positions are not compatible with the job duties

Advice to Senior ManagementShow your employees that you appreciate them.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Good people, but management

Anonymous Employee (Current Employee)
New York, NY (US)

I have been working at CIT full-time for more than 3 years

ProsThe people are fantastic! Really great, intelligent people.

ConsThe company is struggling with who they want to be and what the areas of focus are. Plus there is still a lot of apathy from bankruptcy. Senior management is not in touch with all of the businesses.

Advice to Senior ManagementPut the businesses first.

Yes, I would recommend this company to a friend

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No rewards or recognition for the hard working

Account Administrator (Former Employee)
Livingston, NJ (US)

I worked at CIT full-time for more than a year

ProsNice location to work in

ConsNo recognition, no raise or bonus unless your a boss's favorite

Advice to Senior ManagementTreat everyone the same and reward merit by job well done, not by who's your favorite

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Good People

Senior Technologist (Former Employee)
Livingston, NJ (US)

I worked at CIT full-time for more than 3 years

ProsGood people, Relatively well organized, A decent mission as far a Finance goes, Global footprint, Diverse business

ConsMany layers of bureaucracy, Competing priorities, A kingdom of fiefdoms, never fully recovered form 2008 financial meltdown/bankruptcy, Some confusion about true market position

Advice to Senior ManagementStop trying to be Goldman

Yes, I would recommend this company to a friend

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A changing culture

Anonymous Employee (Current Employee)
Livingston, NJ (US)

I have been working at CIT full-time for more than 5 years

ProsGenerally speaking, good, hardworking people. Financial Analysts get solid exposure to all levels within their business, so a lot of on-the-job learning happens fast - a good growth opportunity. Bonuses in the Corporate Finance segment are generally pretty good. Managers are usually good about work-life balance. Company came through bankruptcy and has a high-profile CEO who can get a seat at most any table in the finance and political world. Generally good benefits package, though it's being whittled away a bit.

ConsPromotions hard to come by. Salaries not always equitable among peers. While there are opportunities for internal mobility, good luck getting a raise; significant downward pressure on salaries, so while an external hire might get a 10% hike over their last base, an internal might get 0-4%. New crop of Exec-level leaders are turning a formerly-familial culture into a sterile, not-fun culture. Cultural silos exist from location to location.

Advice to Senior ManagementBe more transparent and communicate better. Invest in your employees.

No, I would not recommend this company to a friend

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Great place to work, Worst place to earn money

Software Engineer (Current Employee)
Campinas, São Paulo (Brazil)

I have been working at CIT full-time for more than 3 years

ProsHere I can learn a lot of technologies
The colleagues are friendly
The leaders are always with the teams

ConsSometimes the salary policy is confusing
The profit sharing is a joke
On the last year, the company lost a lot of good professionals by a lack of clarity in strategic decisions (salary, career planning, technologies, projects and investments in education)
There is a disparity between what is said and what is done. Leaders ask for certifications, courses, availability and other languages​​, but don´t give opportunity to exercise these skills. The good opportunities are for those who are nearby the leaders.

Advice to Senior ManagementYou have to valorize those that really done something for the company and the projects, not to those just want enjoy the opportunity to improve the salary.

Yes, I would recommend this company to a friend

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Was a great company before bankruptcy in 2009. Now the focus is on shareholder approval and cutting expenses.

Anonymous Employee (Former Employee)
Livingston, NJ (US)

I worked at CIT full-time for more than 8 years

ProsThe people that work there are genuinely good people. The location is convientent for those that drive

ConsThe senior management is lousy, It appears the company is trimming cost to sell the company. Leasing is not the most exciting industry to work in.

Advice to Senior Managementfocus on adding revenue and not cutting expenses

No, I would not recommend this company to a friend

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Good Company..If you like doing one thing.

Associate (Current Employee)
Livingston, NJ (US)

I have been working at CIT full-time for more than a year

ProsGood location, Nice people, relaxed enviornment. Competitve salaries for the area. Workload is spread out and divided equally.Decent benefits package. A lot of different departments that you can move to If you want to expand and/or change career paths.

ConsAll work is done and managed by a seperate department, which makes it hard to expand your skill set for other things. Managment needs to have more communication with the employees to give the workers a better idea of the direction that the company is trying to take. CIT is a good place for older employees who are looking for a place to make money and ride into the sunset into retirement. For a young person who wants to grow and learn this is not the company for you. Stay away.

Advice to Senior ManagementCommunicate better with your employees because it will make them feel more apart of the vision of the company.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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decent pay but very dull routine job

Anonymous Employee (Former Employee)

I worked at CIT as a contractor for less than a year

Prosfriendly employees, quite, laid-back environment, independently hard-working

Consmaybe not for young people, everyday is very dull

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Glassdoor is your free inside look at CIT reviews and ratings - including employee satisfaction and approval ratings for CIT CEO John A. Thain. All 34 reviews are posted anonymously by CIT employees.